Final answer:
The Maracanã Stadium is located in Rio de Janeiro, which hosted the 2016 Olympics, marking it as the only Latin American city to host the Olympics, enhancing its cultural and sporting prestige on the world stage.
Step-by-step explanation:
The city that hosted the 2016 Olympics and features the Maracanã Stadium is Rio de Janeiro. This monumental event made Rio de Janeiro the only Latin American city to have hosted the Olympics. Rio is known for its vibrant culture and world-renowned celebrations, including the famous carnival festivities, which showcase the city's lively spirit and rich heritage. In addition to the Olympics, Brazil has also hosted other significant sports events such as the 2007 Pan American Games and the 2014 FIFA World Cup, strengthening its position as an active participant in international sports.